Brigade Enterprises Ltd's Q1FY19 consolidated net profit rises 100.64% yoy to Rs63.08cr : Beats Estimates

The company’s consolidated revenue stood at Rs699.10cr, up 25.95% yoy and 61.25% qoq.

Aug 14, 2018 03:08 IST India Infoline Research Team

Brigade Enterprises Ltd Q1FY19

Consolidated Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 699.10 26.0
EBITDA 179.53 42.2
EBITDA Margin (%) 25.7 293
Net Profit (adjusted) 63.08 100.6
***EBITDA margin change is bps

 Brigade Enterprises Ltd’s (BEL) revenue for Q1FY19 from operations rose by 26% yoy to Rs699.10cr as against Rs555.04cr in Q1FY18. The company’s EBITDA margin has expanded by 293bps yoy to 25.7% as against 22.5% inQ1FY18. The EBITDA jumped by 42% yoy to Rs179.53cr as against Rs129.28cr in the same period a year ago. The company’s reported PAT after tax jumped 100.6% to Rs63.08cr. 

Technical View:

Brigade Enterprises Ltd is currently trading at Rs. 196, up by 6.1 points or 3.21% from its previous closing of Rs. 189.90 on the BSE.
The scrip opened at Rs. 193.20 and has touched a high and low of Rs. 196 and Rs. 191.90 respectively. So far 65,309 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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